NNPC, NIPCO, Lekki Free Zone Sign Gas Deal

The Nigeria National Petroleum Company Ltd and NIPCO Gas Limited have penned their signature on a gas infrastructure agreement with the Lekki Free Trade Zone Development Company.

According to the companies, the agreement would strengthen gas supply to industries in the Lekki corridor of Lagos State.

Speaking at the signing, the Managing Director, NNPC Gas Marketing Limited, Mr Justin Ezeala, stated the event was a milestone in the annals of gas infrastructure development in the country.

“We knew the gas business revolves around us and that we could deliver seamlessly to the myriad of industries in the zone.

“We came into gas business development in the zone with a big renowned player, NIPCO Gas, that is noted for its giant strides in gas marketing and infrastructure development to enhance gas value,” he said.

Ezeala said NNPC Gas Marketing came into business with LFZDC with an extra value alongside its partner – NIPCO Gas – a fully owned subsidiary of NIPCO Plc, which is noted for its consistency in gas infrastructure upgrade.

“NIPCO has exhibited giant efforts in pipeline construction and penchant for customer collections. We have worked together for years and they remained one of the consistent partners of ours,” Ezeala noted.

He stated that he had inspected the equipment brought in by NIPCO, saying with the signing of the agreement, NNPC Gas Marketing Limited would encourage its partner to move to site for quick execution of the project.

“We are proud to be associated with NIPCO in view of their antecedents in gas infrastructure development. We have trust in them and look forward to the commissioning of the milestone project,” he added.

Also speaking at the occasion, NiPCO Gas MD, Mr Najendra Verma, said that the agreement with LFZDC, in partnership with NNPC Gas Marketing Limited, was going to attract more industries to the zone, which would help many companies in the development of the zone in an exponential manner.

Verma noted that on completion of the project, industrialisation and employment opportunities in the zone would receive a boost which in turn would jack up the economy of the country.